Building wealth and living off it are two different jobs, and your portfolio likely needs to change when the job does. During the accumulation years, the priority tends to be growth. Time is...
When Do I Collect Social Security? Timing Your Benefits for a Long, Happy Retirement
For many older Americans with substantial assets, the question is not simply “when do I collect Social Security?” It is: “When should Social Security become part of my retirement income, how much...
How Much Money Do You Need in Retirement?
There is no single “right” retirement number. What you need to retire depends on your desired retirement lifestyle, retirement age, life expectancy, tax situation, and legacy goals—all of which can...
Medicare for High-Income Near-Retirees: What Wealthier Households Need to Know Before Age 65
Medicare is not free. For households with considerable wealth approaching retirement, this reality can hit harder than expected. Medicare beneficiaries with incomes above $109,000 for individuals...
Could returning to the workforce in 2026 after retirement have any negative impacts on my finances?
Financial Impact of Returning to Work After Retirement Returning to the workforce following retirement boasts both rewards and potential consequences. While it can provide additional income,...
Can I make a tax-deductible traditional IRA contribution?
A Traditional IRA serves as a valuable tool for individuals seeking to save for retirement while deferring taxes. Nevertheless, several factors come into play when assessing eligibility for...
Are my social security benefits subject to income tax?
Did you know that a portion of your Social Security benefits may be subject to income tax? This occurs when your modified adjusted gross income (MAGI), plus 1/2 of your benefits, exceeds specified limits.
What does Medicare cover?
WHAT DOES MEDICARE COVER? Most people are familiar with Medicare Part A (inpatient/hospital coverage) and Medicare Part B (outpatient/medical coverage). These two parts combined make up what is...
Wealth Management Q&As
Wealth Management is more than investment management. It considers the larger picture. While your investments are critical to your success throughout retirement, it is also important to understand how your taxes, finanical plan, estate, and insurance can affect both your overall situation. Do you know when you should begin collecting social security to maximize its benefit? Have you followed the necessary steps to help your assets pass efficiently to your heirs, avoiding probate? If 529 plans are applicable to you, have you considered 529 plan superfunding or how to maximize 529 plan tax advantages? Our wealth management Q&As consist of popular topics among our clients and are not limited to investment management.